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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (15726)	12/18/1997 2:38:00 PM
From: Richard Estes	Respond to of 50167

It would be cumbersome. Both books provide an array of techniques that one might consider. But the bottom line is always: Have a plan and stick to it. Once you don't do that, you let market control you. There are people on SI that Daytrade, position trade and the investor, who marrys a stock. Buy and Sell points will differ for each. These books might open their minds to a plan. Cut your losses, at 8-10% point, Don't allow a +20% winning trade to retreat past 50% of profit might be a simple rule to follow. Buy a stock at 80, sell at 73.6 or 72, if it went to 96 (20%), don't hold below 88, then move your stop up as price goes above 96.